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Re: The Wealth Gap

I voted "NO", but I don't agree with the "they are both too wealthy". "Too" wealthy will always be subjective. But with money comes the power to create more money. That strange equation needs a balance - my preference is a perfectly progressive tax that does not discriminate based on some magical line that needs to be crossed. There's no need to differentiate between the guy that makes 10k, 1M, or 1B - a progressive tax would regulate their ability to extract wealth without prejudice.

Re: The Wealth Gap

That much money is power. I'm not in favor of too much power in the hands of only a few.

The Bill Gates' and Warren Buffet's of the world should be capped at like 50 million.

Are you suggesting the government should take whatever they make over a certain amount? If so they would spend it like they spend all the other tax payer contributions and ask for more, just like they do now.

I can see where it would be bad for business and the economy if people were limited to a certain income. Bank executives could work for say, six months, shut down the bank, then open it again at the beginning of the next tax season.

Do you really think anyone would work for free to keep the ship afloat?

Re: The Wealth Gap

What resources were consumed in that scenario. What we traded was knowledge and skill.

Knowledge and skill are certainly resources (perhaps obtained through hours of classes/practice). There is also the manual labor, tools, and new parts.

"Men did not make the earth ... it is the value of the improvement only, and not the earth itself, that is individual property... Every proprietor owes to the community a ground rent for the land which he holds." -- Thomas Paine, Agrarian Justicehttp://www.wealthandwant.com/

Re: The Wealth Gap

Originally Posted by Peter Grimm

If the shoe fits...

It don't fit you.

"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
"Fly-over" country voted, and The Donald is now POTUS. #MAGA